We plan to post the April 2003 Internet monthly update to our five
monthly update websites on Thursday, March 27th.

The April 2003 disk update will be processed Thursday, March 27th
and Friday, March 28th.

Disks will be shipped Friday, March 28th. You should have the April
Update in your office by Monday, March 31st. Unless you have made
arrangements to purchase your diskettes, please return your February
disks ONLY AFTER you have successfully installed this March 2003
Update. February disks are your backup in case you should have
problems installing the February edition.

IMPORTANT NOTE: Subscribers who are receiving disks can save up to $80
per year by switching to updates by Internet. Please read the last
part of this bulletin for full details.

Improvements to Multi-Life quotations

Multi-life is a term that has been used by the life insurance industry
for many years. Multi-life refers to the purchase of two life
insurance polices from the same life insurance company, where some form
of discount or reduction in premium has been given in recognition of
single billing. For the majority of companies that offer this premium
discount, the reduction usually amounts to the elimination of a policy
fee from one of the policies.

Under multi-life, unlike joint life first-to-die, there are two
individual insurance coverages not one. This means that if both
clients die there are two death benefits. If one client dies the
second policy can usually be continued although companies generally
reserve the right to add back in the policy fee. Also, unlike joint
life first-to-die coverage, the face amounts of the two individual
coverages can be different.

To run a multi-life insurance comparison or quotation you will need to
enter the two individuals into the "Enter Client Information" screen.
These will be entered as "Client 1" and "Client 2". When you run a
comparison, go to the option menu at the top of the "Display Product
Comparison" screen and select one of the two multi-life options.

If Client 1 and Client 2 are husband and wife, you should use the
"Multi-life (Discount#/Spouse)". Some companies allow a discount for a
husband and wife, but may not allow it for business partners.
Therefore, to ensure that you see the discount for a husband and wife,
use the "Spouse" option.

It is also important to note that not all companies offer a discount
for buying two policies on a husband and wife. That is what the
"Discount#" reference is referring to. When you print the comparison,
or when you "Display Single Product" by double clicking on a company in
the comparison results, a "#" (pound symbol) will appear next to the
age if the premiums shown next to that age have been reduced because of
a discount. If there is no "#" symbol, there was no reduction in
premiums and what you are effectively looking at is the total premiums
for two individual policies.

In many cases the least expensive way for the husband and wife to
purchase insurance is to buy from two different and separate life
companies. This tends to be more true as the face amounts of the two
policies become larger.

Client Entry and Switching Client Improvements

In order to make it easier to quote the two individual policies for the
two clients that you have entered as Client 1 and Client 2, Compulife
has now modified the "Switch Client" button which appears on the "Enter
Client Information" window. The same modified button has now been
added to the Display Product Comparison window.

You will also notice some changes to the Enter Client Information
window to make the 5 client cards (pages) appear unique from the
balance of the information that is entered and modified on the Client
Entry window. Each card can be completed for a different person, and
those can be switched with Client 1, which is the client the system
uses when running comparisons and quotes.

The Switch Client button on the Display Product Comparison window now
lets you switch between Client 1 and any other client right at the
comparison level. When the other client is clicked on, the comparison
will automatically re-display a comparison for that selected person.

This works very nicely if you are trying to compare the multi-life
comparison, with the option of simply buying two individual policies
from two different companies.

For example, having entered the husband and wife as Client 1 and Client
2, you can now run a comparison with the multi-life option on. Note
the total premium for the least expensive company. Next, run the
comparison with the multi-life option off. This will give you the
lowest priced company for Client 1; note that. Next click on the
"Switch Client" button which appears above the "Multiple Category"
button. The Switch Client window will appear showing the other 4
clients that have been entered in the "Enter Client Information"
screen. Click on the first client button in the list (that's client 2)
and the comparison will immediately recalculate for the second person.
Note that premium.

You can now total the two best individual premiums and compare that
total with the best premium found using the multi-life comparison.
This will tell you whether the clients are better to purchase from one
company or two separate companies. Having said that, many consumers
will prefer having only one company to deal with versus two. This will
simplify future service and administration.

NOTE: Because the "Enter Client Information" windows has grown a
little in size, you may find you now have scroll bars on the
window. There are two ways to fix that:

You can resize the windows by clicking on the bottom right corner
and dragging that corner until the windows is large enough to
eliminate the bars.

Alternately, at the top of the red Master Menu, you can click on
"Options" and then "Reset Defaults". When you do so, the system
will be set up and configured to the look and feel we think is
best for optimum performance.

Cherry Picking Individual Premiums

Apart from this improvement the changes that we have made to the multi-
life option now allow the premium for the least expensive premium
category for the first client, to be combined with the premium for the
least expensive premium category for the second client. Prior to this,
and this is how it still works in DOS, the program could only look at
premiums contained within the same product entry. Because preferred
plus non-smoker premiums are often contained in a separate product
entry, they could not be combined with categories such as preferred or
regular non-smoker, or preferred or regular smoker.

That problem still exists in the DOS version but has been completely
solved in the Windows program.

In addition, the specific categories used for each client can be
further adjusted in the new Windows program. This is particularly
important for companies that have multiple preferred plus or multiple
preferred categories.

For example, assume that the first client is a preferred plus non-
smoker and that the company has two such categories. With the new
multi-life option the system will now search for the least expensive
preferred plus premium to combine with the second person. But suppose
that you want to use the next higher preferred plus premium for that
company. To do this you double click on the product in the comparison
window. The "Display Single Product" windows appears. Under the name
of the product in that window there is a "drop down box" which says
"Multi-life Total Premiums (Spouse)". If you click on the down button
to the right of that, you will see the two individual clients on top of
the list. Click on the client that you want to adjust. With that
client on screen, click on the "Rate Category" button that now appears
in the header. Change the current premium to whatever premium category
that you want. Your individual product is now based upon this category
for that client. The total premium will be that individual premium
combined with the premium for the second client. If you wish you can
also adjust the second client by switching to that client and again
pressing the rate category button.

When you have the premiums set to your satisfaction, you can now print
that individual company quote.

Pick 12 Multi-Life - Next on the List

Our next effort will be to allow you to file that multi-life quote into
Pick 12.

Currently Pick 12 allows the premiums for only one person. When the
next step is completed Pick 12 will have the ability to display the
total premiums for two people. You will also be able to view and print
the individual premiums for each of the two people.

Effectively this will give you a comparison of multiple companies using
the multi-life function, where each of the multiple companies has the
exact combination of premium categories that you believe each person
can qualify for.

These features will appear in next new version of the Windows program.
We have no intention of implementing any of these improvements into the
DOS program. Once again, while we have no plans to eliminate our DOS
software, and will keep it compatible with our database, the DOS
program is falling further and further behind the Windows software in
capability. That will also hold true for the new Health Analyzer
option.

Multi-life for Up to 5 Individuals

Once the Pick 12 multi-life option is completed, we will go back to the
comparison and allow the comparison of up to a total of 5 individual on
a multi-life basis. As we mentioned earlier, some companies allow the
discount for husband and wife, but not for business partners. Many
that do allow the discount for business partners, will allow the
discount for more than 2 partners. The multi-life comparison button
for non-spouse will eventually ask how many of the clients to do the
comparison for, and give total premiums for that group. And yes, you
will be able to file that group of 2, 3, 4 or 5 individuals into the
Pick 12. Once this function is completed, multi-life will be wrapped
up.

Health Analyzer Progress - Life Companies Contacted

The initial version of the data entry module, which we use to store the
category criteria for each company/product/class of risk, is now
completed. During the course of entering data for each U.S. company
into the Health data file, we have made several improvements to the
data entry function.

Now that we have a fully functioning health data file in hand, our
programmers are now focussing their attention on integrating that data
file into the quotation program. This should be ready for introduction
some time in March or April.

We have now completed entering the health criteria for an intial group
of U.S. companies and we will be e-mailing Canadian companies during
the month of March to request that they provide us with their latest
health criteria descriptions. It is our goal to release the Canadian
version of the health criteria option about the same time as we release
it in the U.S.

For those who need to review our plans in this area, here is a copy of
the e-mail that was sent to each U.S. life company that Compulife has
received assistance from during the past two years. An e-mail
virtually identical to this will be sent out to Canadian companies in
March:

Compulife to introduce "Health Analyzer" option

Early in 2003 Compulife intends to introduce a new option to our
insurance comparison software. The option will be provided in the
Windows based software which we market to insurance agents. The
agent will enter a client's information as they do now, selecting
the existing smoking and preferred status of their client. If the
new Health Analyzer option is not used, comparisons will continue
to be based upon the basic client information, just as they are
now.

To use the new option the agent will click a new button called
"Health Analyzer". This will allow the entry of additional
details regarding the client. This additional information will be
analyzed during the comparison process and products will be
flagged "GO" or "NO GO" based upon the results.

IMPORTANT: The new information will not remove or eliminate
products that are currently quoted based upon the smoking and
preferred health information. As noted above, products will be
flagged as "GO" or "NO GO".

The initial health analysis areas will be:

Smoking/Tobacco Use

Height/Weight Tables

Blood Pressure

Cholesterol

Driving History

Family History

Hazardous Sports and Occupations (including pilot)

When the Health Analyzer button is selected the agent will be able
to check any OR all of the above areas. The agent will then move
on to the related questionnaires that will examine each area that
was selected. Only those areas selected will be considered in the
final "GO" or "NO GO" decision.

For example, if the agent wishes to locate policies that permit
cigars, then they would simply invoke the "Smoking/Tobacco Use"
option and answer just questions related to cigars.

Once the the selected questionnaires have been completed, the
client entry screen will reappear. Providing that the client's
age, sex, smoking and preferred status are not altered after the
client entry window is closed, the results of the questionnaire
will be retained. Quotes run for that client will be the subject
of the Health Analyzer option.

If Health Analyzer is selected, comparisons will display a new
column next to the premium results. The new column will display
one of three indicators:

1. A Green shaded circle with a check mark. This is a "GO".

2. A Red shaded circle with an X. This is a "NO GO".

3. Nothing. This indicates that we lack the company information
needed to make a decision.

Green for "GO" - Premium and health categories that meet the
additional criteria which was entered by the agent will be flagged
green for "GO". Based upon the information that was entered by
the agent, and based upon the information on file for the
company's product and health category, the premium (for that
health category) will be flagged green indicating the premium
should be available for the client.

Red for "NO GO". A red dot will indicate that one or more of the
client's health criteria were outside the company's tables. The
agent will be able to click on the red dot to discover what
criteria caused the red dot to appear. If the agent has any
questions they can contact the Home Office or General Agent.

No indication means that we do not have the company's product and
health category information. Because of that we cannot make a
decision.

We do not expect that every company will cooperate in the
provision of this health criteria information. For that reason we
do not wish to eliminate a company's result from the agent's view.
That is why premiums will still be quoted even though we cannot
give a green or red indication.

Please understand that there has been a growing demand for a
feature like this in our software. With the completion of many of
the new options planned for our Windows software, we are in a
position to tackle a significant new project like "Health
Analyzer".

Having given the issue significant consideration, we believe that
this approach is the best way to meet the demand. Given that this
demand does exist, we would encourage life companies to give
serious consideration to providing us with their health (including
smoking) criteria so that we can properly include the
corresponding tables in our Health Analyzer database.

We believe that agents will appreciate having this additional
information about your products. If an agent's client has a
health related issue that is less than perfect, we believe that
products with green dots will attract the agent's attention. For
that reason, giving us your health requirement criteria will be a
tangible way to attract an agent's attention to your term
products.

If you should have any questions, comments or suggestions, I would
appreciate hearing from you. Feel free to call me toll-free at
(800) 798-3488.

Bob Barney
President
Compulife Software, Inc.

Health Analyzer - Two Stage Implementation

Having broken the Health Analyzer development into two stages. The
first stage will analyze the following areas:

Smoking/Tobacco Use
Height/Weight Tables
Blood Pressure
Cholesterol

The second stage of the development will add the following areas:

Driving History
Family History
Hazardous Sports and Occupations (including pilot)

This will allow us to introduce the features much more quickly. The
reason is that the first four areas of analysis are handled much more
consistently by life companies. I am referring to the way that
companies table and define that information. Building a data storage
model for the first four areas is a relatively simple task and we can
complete it quickly.

By contrast the information related to the second group is handled less
consistently. Some companies have complex information and criteria
while others have simple information and criteria. In each case the
challenge is to come up with a comprehensive questionnaire and database
to encompass all possibilities. With respect to the second group of
categories, we will need a much larger sample of different companies'
data before we finalize the design. That means we will need time for
more companies to become involved which adds a natural delay to the
process. By leaving this to the second stage, it allow us to get you
the first stage more quickly.

Special Offer to Agencies

We continue to repeat our reference to this special offer for agencies
because NO ONE has taken us up on it. Here it is again. If you are an
agency that wants term quotes for your website, you need to read this
carefully as it is an attractive offer for someone that wants to do a
little leg work for us.

Compulife has introduced a new Internet-based quotation system for
agents. The system is currently marketed through two of our authorized
Internet providers. For full details about the service and fees,
please visit the www.compulife.com website. Details are in the
September 2002 monthly bulletin.

One of the things that we have been hearing from agencies, who want to
provide quotation and comparison services on-line, is that they would
also like to have a library of life company applications and forms.
One of Compulife's authorized web providers, "Insurance Squared", is
anxious to provide that "forms" service. Unfortunately initial
requests to life companies have met with less than an enthusiastic
response. That's where this special offer can help you if you can help
Insurance Squared.

We believe that MGA's have more power of persuasion when it comes to
this issue. Therefore, if your agency is the first to assist Insurance
Squared in obtaining the applications and forms for 6 life companies,
your agency will receive a free year of the new Internet comparison
service for your agents.

A second agency can also qualify for a free year of service. If the
second agency can provide forms for an additional 6 life companies,
that agency will also receive a free year of the new Internet
comparison service for agents. (NOTE: If the first agency is first to
provide 12, it will receive a 2 year free subscription to the on-line
system).

A third free year of service will also be awarded to the third agency
which can add 6 more unique companies to the forms library. (NOTE: If
the first agency is first to provide 18, it will receive a three year
free subscription to the on-line agent system. If the second agency is
first to provide 12, it will receive a two year free subscription to
the on-line agent system).

To qualify Insurance Squared needs more than just the .PDF forms.
Insurance Squared needs the forms provided by the Home Office with the
understanding that the Home Office will keep Insurance Squared updated
with new forms when they change. Alternately, the Home Office can
provide Insurance Squared with access to the life companies forms
library with the understanding that the forms can be downloaded and
saved to the Insurance Squared website.

While this may entail some effort by the Home Office, we believe that
the benefits are clear for the life company, the agency and the agent.
We believe it will take a pro-active MGA to get that message across.

If you would like to see Compulife's new on-line quotation system for
agents, give Bob Barney a call at (800) 798-3488. If you would like to
discuss providing forms and qualifying, please call Glenn Cooke at
Insurance Squared, (866) 662-5433.

Dueling Websites

For those who update by Internet, Compulife has gone to great lengths
to provide you with redundancy in our websites. Our main website is:

Whatever we update to compulife.com, we also update to compulife.us or
compulife.cc. If one website goes down, for whatever reason, the other
is ready to serve you. That includes both monthly and mid-month
updates.

For those doing monthly updates by Internet, we rely on three other
websites to supply monthly updates. These are automatically checked
and used by our automatic Internet update software.

Returning Monthly Disk Updates

For those not wanting to return disks there are two ways to eliminate
the problem.

1. Switch to obtaining monthly updates by Internet.

Not only will you eliminate the expense and hassle of returning disks,
you will save $80 per year in subscription fees.

To switch to Internet monthly updates, go to our webpage
www.compulife.com and select the last menu choice "Forms, applications,
instruction tutorials, etc." Under the section "License Agreements",
the third license is the "Internet Update Endorsement". Print the
endorsement. Once you have it, please read it carefully, especially
the part where you agree that you have successfully downloaded and
processed our "mid-month updates". If you haven't done that before,
call us and we'll be happy to take you through the procedure. It's
easy.

2. Disk Purchase Program

The other way to avoid returning the disks and the disk box each month
is to pre-purchase them for $21 per year ($1.75 per month). Once you
do that you can keep them for future reference, throw them away or
return them for a credit (once each year) when you are invoiced for the
following year. $21 costs you less than mailing back disks each month.